The key level of $1,300 has been a source of frustration for long-term investors seeking upside from their gold holdings. It almost feels like there’s a sea change happening, with the price of gold versus the U.S. dollar refusing to break out of the range it’s been in for so long, leaving investors wondering what exactly is going on here.
Looking deeper into the markets is our forte, so Crush the Street probed into the world of gold trading and investing with a fascinating discussion with Mr. Ken Lewis, the CEO of world-famous precious metals bullion dealer ApMex.
Ken Lewis is a results-oriented professional with more than 20 years of leadership experience across a broad range of retail and technology organizations, many of which are in the Fortune 500. His strategic and operational changes have resulted in growing both the top and bottom lines of the organizations he has worked with.
Mr. Lewis first joined ApMex in 2011 as EVP of Operations, followed by two years as Chief Operating Officer. Now the company’s CEO, Mr. Lewis recognizes the importance of taking care of customers while maintaining a deep commitment to the furtherance of the precious metals community.
Because we always strive to stay on top of the precious metals market, Crush the Street pressed Mr. Lewis for his insights into what’s happening now with the price of gold. According to Ken Lewis, it’s still possible for 2019 to be a great year for precious metals – the first quarter was quite strong for gold, after all.
The strength of the U.S. dollar and the American equities markets are, according to Ken Lewis, the primary reasons why we’ve been seeing resistance in the price of gold lately. Market optimism regarding America’s trade deal progress with China, along with the influence President Trump is having on the Federal Reserve, have buoyed the stock market but are net positive for precious metals.
However, these factors that have been propping up the stock market can’t be sustained forever – and, according to Ken Lewis, gold is at an excellent entry point now for anyone looking to take a position, as the price is the lowest it’s been in a while.
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Besides, gold is a great hedge for stock-market downturns and caution is definitely advised now: according to Ken Lewis, the continual upward movement of the equities market is starting to look unnatural, with the President so highly engaged and influential on stock market prices.
This all might seem positive for the stock market now, but we have to ask ourselves when that bubble’s going to pop, according to Ken Lewis. The amount of artificial influence on the stock market is deeply concerning, and history shows that there’s likely to be some resistance coming in stocks.
Investors also need to be aware of the mounting concerns that are likely to take their toll on the equities market: government money printing has gotten out of control while sovereign debt has been escalating; usually governments strive to pay down the debt when the economy is strong, but America’s debt has only been increasing.
The minute we start showing lower GDP and the moment the equities markets start facing resistance, we’re going to start seeing some big challenges for our country, according to Ken Lewis. These factors are likely to create headwinds for the dollar and the stock market, which only makes gold more attractive now as a hedge against what’s coming.
Crush the Street personally invites you to view our complete interview with Mr. Ken Lewis for more essential knowledge on the state of the economy, markets, and metals right now. And when you’re ready to explore the amazing world of precious metals ownership, you can visit ApMex for great deals and outstanding customer service.
Crush the Street is fully prepared to assist you as a cautious but profitable investor with our library of high-conviction reports: among our latest ones are our guide to wealth-building strategies in the gold and silver markets, our report on the fierce battle between the President and the Fed and how this will impact the global economy, as well as our top three steps you can take to protect yourself from the death of the U.S. dollar.
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